Spiders - September S&P E-mini Futures: I think the S&P is headed for 1175. There should be temporary support near 1210. Resistance above the market is at 1260.
QQQ: Support is at 41.50. I think the Q’s will soon take a step up to 51.00. During the next few months the market should rally to 55 or higher.
TLT - December Bonds: I now think the market will reach 123 before it heads lower.
December 10 Year Notes: I now think the market will reach 120 before it heads lower.
Euro-US Dollar: The trend in the euro is downward and I think the market is headed for 135. Resistance above the market is at 150.00.
Dollar-Yen: The market should reach the 112.00 target soon. Support is now at 106.00.
XLE - OIH - USO – October Crude: I think that the market is headed for 98. The 112 level is resistance.
GLD - December Gold: Gold is headed for 700. Resistance above the market is at 840.
SLV - December Silver: Resistance is at 1390 and the next downside target is 1100.
Google: Google is probably now headed for 375.